Finally some good news is being heard from the debt ridden Europe. It has been reported that the borrowing rates of the Spanish banks has be increased, which means that European Central Bank’s (ECB) efforts to curb the debt crisis is moving in the right track.

It is not only the Spanish banks which have witnessed a surge in its borrowings, Italian banks are also moving in the same direction. Although Spain banks seem to be performing well, the country has not yet been able to come out from the debt crisis. However, it won’t be required any bailouts like Greece’s.

It has been reported that because of the steep pressure from Greece’s debt crisis, Spain's banks borrowed 130.2 billion Euros from the ECB in 2010. Since banks are reluctant of trusting each other in lending money because of the global financial crunch, the whole world is looking towards ECB for monetary help.

Because of unsettled financial worries, global investors are also not confident while making decisions as to where they should invest. However, a rise in the borrowing of the Spain banks have brought ray of hope that soon the unrest of the world will end.